$6,200,000

Rare opportunity to acquire an approved 44-unit luxury townhouse development in desirable Newbury, Massachusetts. The project has received approval from all applicable Town Boards, providing a significant head start for development. Set on approximately ten acres, the thoughtfully designed community will occupy only about five acres, preserving approximately five acres of open space and creating a spacious, natural setting for residents. The development offers the opportunity to create a distinctive luxury townhouse community that blends high-quality living with Newbury’s desirable location, character, and convenient access to area amenities, major roadways, historic Newburyport, and the North Shore. This collection of luxury townhomes will offer one-, two-, and three-bedroom layouts designed to feel both spacious and refined. Inside, you’ll find high-end finishes and thoughtful architectural details inspired by the timeless elegance of the classic New England farmhouse. Seven (7) unit reservations have already been taken - price range from $875K to $1.075M. Planning Board Approval, Order of Conditions, Engineering Plans, Floor Plans, and Condo docs all in Paperclip. An exceptional opportunity for developers, builders, and investors seeking an approved residential project in a highly sought-after Massachusetts community.